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Oman’s largest bank BankMuscat, which recently picked up 43 per cent stake in the domestic brokerage house Mangal Keshav Group, is raising a $ 250 million Shari’ah-compliant India-specific fund and another $ 500 million private equity fund for investments in the booming domestic market. […] Fidelity National Information Services has acquired Chandigarh-based Second Foundation (India) Private Ltd, an offshore global infotech services provider. US-based Fidelity is a leading provider of core processing for financial institutions, card issuer and transaction processing services, mortgage loan processing and mortgage-related information products. […] The Reserve Bank of India (RBI) has approved the merger of Sangli Bank with ICICI Bank. Following this, all Sangli Bank branches will start operating as ICICI Bank branches from tomorrow. ICICI Bank had okayed the merger of the privately-owned … […] Founders of Essel Group said they have raised 4.45 billion rupees ($105 million) to help fund expansions of group companies Dish TV India Ltd and Wire and Wireless Ltd. American International Group's (AIG) private equity arm AIG Global Investments is set to buy a minority stake in India's Avasarala Technologies for 20 mln usd, reported the Economic Times, citing Avasarala. Avasarala Technologies, a company worth 2 bln rupees, manufactures … […] In an all cash deal Ahemadabad based domestic pharma major Zydus Cadila has quired 100 per cent stake in Nippon Universal a generic drug manufacturing company based in Japan. The acquired company has a manufacturing plant near Tokyo and is … […] Air Deccan's low cost operations may get some high value investments from private equities (PE). According to sources it is planning to raise $50-100 million and has approached PE funds like TPG and Blackstone among others. Edelweiss securities has been … […] Golden Ace Pte, a joint venture between Dubai-based Emaar Properties PJSC and the MGF group, one of India’s leading real estate developers, has acquired a 61.3% stake in Singapore-based retail firm RSH for S&227 million. “We are excited to embark … […] Venture capital investments in the country registered a near 4 per cent increase in the first quarter of 2007 calendar as investors pumped in $130 million (about Rs 560 crore) through 20 deals. More than half this amount was pumped in information technology and related sectors, an industry study release said on Tuesday. […] Waning returns on equities and the need for portfolio diversification is prompting asset management companies (AMCs) to devise overseas investment products. Consequent to the Reserve Bank of India’s (RBI) raising the aggregate ceiling for mutual funds (MFs) to invest in … […] |